The two-year-old company offers financing to small businesses across India that would otherwise not appear on the radar of banks and traditional financing institutions.
Aye Finance operates a network of 31 small but staffed branches across seven states, predominantly in the north of India, where prospective customers meet a representative who completes their financial information using a digital platform which syncs to the cloud.
The company said it is currently at break even on a month-to-month basis, but it plans to become overall profitable before the end of 2017. They are also targeting the next round of funding in 18-24 months which would help the company move into different kinds of financing products for businesses.
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